Transcript Слайд 1 - Svinin

OKHTA GROUP, Ltd.
ST. PETERSBURG, RUSSIA
September 2005
OKHTA GROUP
GENERAL INFORMATION
• Okhta Group is a St. Petersburg - based investment and
real estate development company.
• Okhta Croup was founded by the independent owners in
the spring of 2003.
• The goal set for the managers of Okhta Group was to
make the company a major player in the St. Petersburg
real estate market and a leader in adaptation of new
investment vehicles, such as real estate investment
funds.
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OKHTA GROUP
GENERAL INFORMATION
• Okhta Group’ shareholders and executive managers
have more than 10 years’ experience in the financial
sphere – investment market, stock and real estate
markets. They used to hold senior positions in banks and
investment companies
• The general principles of the company’s business are
establishing, maintaining and enhancing profitable
stakeholders’ relationships, so that the objectives of all
parties involved are met.
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OKHTA GROUP MISSION
To supply a broad audience of direct and
portfolio investors with the opportunity to
invest in the St. Petersburg real estate market
in an efficient and attractive way, based on
high professional standards, a transparent
and reliable structure of property,
management, and profit making.
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CORE ACTIVITIES
Okhta Group’s core activities involve
investments in the real estate market
• investments in commercial real estate
• management of commercial real estate projects
• management of real estate investment funds via
its subsidiary Svinin & Partners Asset
Management, Ltd.
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CORE ACTIVITIES
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The company is engaged in projects related to:
development of office centres
leasing, stabilization and sale of commercial real estate
to professional investors
development of mixed-use real estate properties
development of industrial parks
residential building projects in St. Petersburg and
Moscow.
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THE MAIN OBJECTIVIES
• To become a leader amongst investment companies
dealing with real estate in St. Petersburg
• To raise the company investment portfolio up to
USD 300 million by the year 2010
• To provide clients with high quality services based on
high professional standards; transparent and reliable
structure of property, management, and profit making.
• To build and maintain good working relationships with
the authorities and with reputable domestic and
international partners.
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GENERAL PERFORMANCE
According to the results for 2004
• Okhta Group’ equity capital amounted to about
1.1 billion RUR
• the estimated value of the company’s property amounted
to 2 billion RUR
Okhta Group projects in St. Petersburg
• buildings with a total floor area exceeding
120, 000 sq.m
• plots of land whose total area is about
190, 000 sq.m
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PROJECTS MAP
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CURRIENT PROJECT PORTFOLIO
Income producing properties
Askold Business Center
• Total area – 7,200 sq m
• The project was implemented almost from scratch. Reconstruction began in
2001 and the business center was commissioned in 2003.
• www.spb700.com
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CURRIENT PROJECT PORTFOLIO
Income producing properties
Pallada Business Center
• Total area – 8,600 sq m
• This was the first business center created by the company. The company
entered the project at the outset, when the building was purchased in 2000.
• www.spb700.com
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CURRIENT PROJECT PORTFOLIO
Income producing properties
17, Sofijskaya, Business Center
• Total area – 9,200 sq m
• The building was purchased in 2003. Today it is operating as a going
concern. Reconstruction efforts are underway to enlarge rentable areas
Narvsky, Shopping and Office Center
• Total area – 5,300 sq m
• The property was purchased in March 2003. A part of the building is
under reconstruction
Narvsky Industrial Park
• Buildings floor area – 8,200 sq m
• Land plot area – 6,200 sq m
• Purchased in August 2003
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CURRIENT PROJECT PORTFOLIO
Income producing property
partly under refurbishment
Karelia Hotel
• Buildings floor area – 25,000 sq m
• Purchase and sale transaction was completed in 2003. Significant efforts
were taken to reconstruct and renovate a part of the building
• At present, there are 275 rooms
• It is planned to extend the number of rooms up to 400 and create a
conference hall of about 6,000 sq m
• www.karelia.spb.ru
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CURRENT PROJECT PORTFOLIO
Development projects
District 700 –Territory to be Developed
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Land plot area – 45,000 sq m
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Okhta Group, in cooperation with a Finnish development company, SRV (www.srv.fi), has proposed a project for
integrated development of territory, located in the historical center of St. Petersburg. The project includes
construction of business centers, a trade and entertainment center, hotel and residential houses. www.spb700.com
Project scope
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Total building area is about 205,000 sq.m.
Shopping Mall in three floors of over 63,000 sq.m. of leasable area
Largest Car parking in the city for about 2,500 cars
A-class offices in Business Center (BC) of about 25,000 sq.m on top of TEC building, looking on Neva and Okhta
rivers
Three star hotel of about 355 rooms on top of TEC building, overlooking the Neva and Okhta rivers
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CURRENT PROJECT PORTFOLIO
Development projects
Khimikov Street Industrial Park
• Buildings floor area – 53,800 sq m
• Land plot area – 114,000 sq m
• The property complex was purchased in August 2004.
The company has planned and are successfully
implementing the development concept for the industrial
park with a renewed infrastructure and an integral
professional management.
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SVININ AND PARTNERS
ASSET MANAGEMENT, Ltd
• In the autumn of 2003, Svinin and Partners Asset Management ,Ltd
was founded by Okhta Group as a company licensed to manage
investment funds and unit investment trusts
• Svinin and Partners Ltd. has become the first Russian company to
master operating technology for closed-end real estate investment
fund for commercial property; and the first Russian company
licensed to manage a stock investment fund dealing with real estate.
• Today there are of two closed-end real estate investment funds and
one stock investment fund that are managed by the company. Total
assets of the funds are amounted 710 million RUR as at 01.07.2005
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INVESTMENT FUNDS
MANAGED BY SVININ & PARTNERS, Ltd
THE FIRST PETERSBURG FUND OF DIRECT REAL ESTATE INVESTMENTS
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Business organization
- closed-end real estate investment fund
- detached property complex (not a legal entity)
Place of registration – St. Petersburg, Russia
Fund registration date – December 10, 2003
Fund activity inception date – July 1, 2004
Termination date – December 31, 2010
Fund Management Company – Svinin and Partners Assset Management, Ltd. (St. Petersburg)
Fund Custodian – First Specialized Depository, Ltd. (Moscow)
Fund Registrar – First Specialized Depository, Ltd. (Moscow)
Auditor – Novatcia, Ltd. (St. Petersburg)
Real Estate Manager – Okhta Group, Ltd. (St. Petersburg)
Legal Consultant – Okhta Group, Ltd. (St. Petersburg)
Fund asset value as at 01.09.2005 - USD 5.5 m
Units’ circulation
Over-the-counter market
Fund brokers – Baltic Financial Company, Ltd. (St. Petersburg), Alor+, Ltd. (Moscow)
Organized stock exchange - units are rated on the Moscow Interbank Currency Exchange (MICEX)
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INVESTMENT FUNDS
MANAGED BY SVININ & PARTNERS, Ltd
THE FIRST PETERSBURG FUND OF DIRECT REAL ESTATE INVESTMENTS
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The Fund is rental
The Fund invests in income producing properties that do not require significant additional
investments
The Fund is diversified and invests in offices, retail, warehouses, and industrial buildings to lease
Basic region for investment – St. Petersburg
The Fund’s objectives – to provide unitholders with average current income from rent payments
and long-term capital appreciation due to the increase in value of investment properties (including
as a result of improvements to the properties)
The Fund’s target yield on current payments is 11-13% per year (excluding capital appreciation)
Distribution of income – quarterly
At least 85% of income is distributed to unitholders
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The Fund’s objective is to form a real estate portfolio valued at USD 70 – 100 mln. during an
investment period of 3 years and to manage the portfolio for another 4 years.
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The strategy for the Fund’s termination (selling of properties) will be determined at least one year
before the Fund’s termination date (December 31, 2009).
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The Fund’s activity may be extended if the market situation warrants continued operation and
unitholders are in agreement.
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INVESTMENT FUNDS
MANAGED BY SVININ & PARTNERS, Ltd
Nevo-Invest
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Closed end real estate investment trust
Place of registration - St. Petersburg, Russia
Date of the Fund’s Charter registration - 11. 08. 2004
Fund’s termination date - 30.11. 2009
Fund asset value on 01.07.2005 - USD 7.8 m
The Fund’s objectives are long-term growth of capital and dividend
income. The fund seeks to achieve its objectives by investing directly
in commercial real estate in St Petersburg.
• The core Fund’s assets is fully operational commercial properties –
offices, industrial buildings, warehouses
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INVESTMENT FUNDS
MANAGED BY SVININ & PARTNERS, Ltd
Redder
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Stock investment fund
Place of registration - St. Petersburg, Russia
Date of the License’s issuing - 19.01.2005
Fund asset value as at 01.07.2005 - USD 10.2 m
The Fund objective is a high level of income. Capital appreciation is
a secondary objective
• The Fund seeks to achieve its object by investing in securities of
companies engaged in and related to real estate industry in St
Petersburg. The foreground direction of Fund’s investment is real
estate projects at the venture stages.
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INVESTMENT FUNDS
MANAGED BY SVININ & PARTNERS, Ltd
Redder
The Fund’s assets profile as of April 2005
• Khimikov Street Industrial Park
Industrial Buildings and warehouses floor area
53,800 sq m,
Land plot area – 114,000 sq m
• Svinin and Partners, Ltd. has worked out the development concept
for an industrial park. Nowadays this concept is being successfully
implemented.
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TOP EXECUTIVES
Vladimir Svinin
General Director, Svinin & Partners Asset Management, Ltd.
Chairman of the Managing Board, Okhta Group, Ltd.
Mr. Svinin is one of the founders and top executives of Okhta Group, Ltd. He
has more than twelve years’ professional experience in the financial sphere.
Prior to establishing Okhta Group in 2003, he worked for Industry and
Construction Bank (St. Petersburg) as the Head of the Corporate Banking
Services Department. He was also General Director of the Baltic Financial
Agency investment company (St. Petersburg, Russia).
The areas of his specialization include finance, financial engineering, financial
market services, real estate development, advising on mergers and
acquisitions, and international tax planning. For the past two years Mr. Svinin
has been a leader in designing and successful development of Real Estate
Investment Trusts (REITs) which are very new financial vehicles for the
Russian market.
Mr. Svinin graduated from the St. Petersburg State University Department of
Economics.
He is married with three children.
Тел. +7 (812) 324-05-24, 329-12-31
e-mail: [email protected]
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TOP EXECUTIVES
Mikhail Rivlin
Vice-Chairman of the Managing Board, Okhta Group, Ltd.
Vice-Chairman of the Managing Board, Svinin & Partners Asset
Management, Ltd.
Director General, Okhta Group Invest
In 2003 Mr. Rivlin became one of the founders and top executives of Okhta Group,
Ltd. Before that he worked for ten years at Baltic Financial Agency investment
company, initially as the Head of the Research Department, then as the Deputy
General Director. In addition, he has extensive teaching and research experience in
Mathematical Statistics and Theory of Probability.
The areas of his specialization in the company include management of investment
projects; structuring financial and investment transactions, and financial engineering.
Mr. Rivlin counts as professional achievements his active participation in mergers
and acquisitions of Okhta Group’s businesses, overseeing large financial
transactions, and improving the companies’ financial transparency.
Mr. Rivlin graduated in 1988 from the St. Petersburg State Marine Technical
University. In 1993 he received his PhD in Mathematics from the St. Petersburg
State University. In 1999 he graduated from the School of Management of the St.
Petersburg State Marine Technical University.
Mr. Rivlin is 39 years old, and is married with a son.
Tel. +7 (812) 324-05-24
e-mail: [email protected]
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TOP EXECUTIVES
Dmitry Kiselev
Vice Chairman of the Managing Board, Okhta Group, Ltd.
Director General, Okhta Group Development, Ltd.
Mr. Kiselev is one of the founders and top executives of Okhta Group, Ltd.
Prior to joining Okhta Group in 2003, he worked for two years at Industry
and Construction Bank (St. Petersburg) as the Head of the Client Services
Department. For six years he was the Head of the Branch and Deputy
General Director of Baltic Financial Agency investment company (St.
Petersburg).
The areas of his specialization include development of commercial real
estate, financial engineering, investment structuring, and financing of
development projects. He has made a significant contribution to the
development of Okhta Group, resulting in capitalization about 40 million
dollars.
Mr. Kiselev graduated from the Geology Department of the St. Petersburg
State University. He is 39 years old, married with a daughter.
Tel. +7 (812) 324-05-24
e-mail: [email protected]
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TOP EXECUTIVES
Irina Sharipova
Marketing Director, Okhta Group, Ltd.
Deputy Director General, Svinin & Partners Asset Management,
Ltd.
Ms. Sharipova jointed Okhta Group Ltd. in 2004 after receiving a degree in
Strategic Marketing. Prior to this she worked at Industry and Construction Bank
(St. Petersburg) as the Head of the Marketing Communications Department and
Adviser to the Chairman of the Management Board. In 1995-1998 she was the
Marketing Director of the Baltic Financial Agency investment company.
Ms. Sharipova’s work has involved strategic marketing planning, marketing
communications development, establishing and maintaining relationships with
international consultants, partners, major corporate investors and the authorities.
The field of her particular interest is marketing and research of Real Estate
Investment Trusts (REITs) as a new financial vehicle in the Russian market.
Ms. Sharipova graduated from the St. Petersburg State University School of
Economics, and in 1988 received her PhD in Economics. In 2004 Ms. Sharipova
was awarded a Master’s degree in Strategic Marketing at Business School
University of Greenwich (London).
Tel. +7 (812) 324-05-24
e-mail: [email protected]
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CONTACT DETAILS
Okhta Group, Ltd
Svinin and Partners Asset Management, Ltd.
2 Krasnogvardeiskaya ploschad,
Askold Business Center
195027, St. Petersburg, Russia
phone: +7 (812) 324-05-24
fax: +7 (812) 320-14-65
E-mail: [email protected]
www.svinin.ru www.okhta.com
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